STERHOEK
ActiveSTERHOEK has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.98M and a net result of €2.15M. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82=
Solvency71▲+3
Growth56▼-14
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.6M at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.34 in 2024; short-term debt: 29.2% and cash: 2.4% of total assets), and 54.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.5%
Return on assets
3.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
21 d early
2023
18 d early
2022
9 d early
2021
10 d early
2020
11 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16.49M▲ 22.3%
2024 · €13.48M
2018: €9.24M
2019: €9.23M
2020: €9.56M
2021: €9.24M
2022: €7.57M
2023: €12.59M
2024: €13.48M
2018 → 2025
EBIT margin
24.2%▲ 2.9pp
2024 · 21.3%
2018: 41.1%
2019: 42.7%
2020: 40.5%
2021: 23.7%
2022: 21.5%
2023: 24.0%
2024: 21.3%
2018 → 2025
Net result
€2.15M▼ 40.6%
2024 · €3.63M
2018: €2.17M
2019: €2.03M
2020: €1.91M
2021: €1.27M
2022: €2.53M
2023: €3.07M
2024: €3.63M
2018 → 2025
Working capital
€-9.28M▲ 12.2%
2024 · €-10.57M
2018: €-13.89M
2019: €-12.24M
2020: €-9.90M
2021: €-12.82M
2022: €-10.91M
2023: €-10.05M
2024: €-10.57M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.24M-€7.57M▼ 18.1%€12.59M▲ 66.3%€13.48M▲ 7.1%€16.49M▲ 22.3%
Equity€15.59M-€18.12M▲ 16.2%€21.19M▲ 17.0%€23.82M▲ 12.4%€25.98M▲ 9.0%
Operating result€2.19M-€1.63M▼ 25.5%€3.02M▲ 85.2%€2.87M▼ 4.8%€3.99M▲ 39.0%
Net result€1.27M-€2.53M▲ 99.4%€3.07M▲ 21.5%€3.63M▲ 18.1%€2.15M▼ 40.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57.04M
Fixed assets
€49.66M▼ 1.6%
Current assets
€7.38M▲ 36.1%
Equity and liabilities €57.04M
Equity
€25.98M▲ 9.0%
Provisions
€4.55M▲ 21.8%
Debt
€26.51M▼ 6.5%
The debt ratio falls from 50.7% to 46.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.95M▲
2024 · €3.70M
Cash flow
€3.11M▼
2024 · €4.46M
Solvency
45.5%▲
2024 · 42.6%
Current ratio
0.44▲
2024 · 0.34
Quick ratio
0.44▲
2024 · 0.34
Debt / equity
1.02▼
2024 · 1.19
ROE
8.3%▼
2024 · 15.2%
ROA
3.8%▼
2024 · 6.5%
Interest coverage
9.10▲
2024 · 5.54
Debt
€26.51M▼
2024 · €28.34M
Debt ≤ 1 year
€16.66M▲
2024 · €15.99M
Debt > 1 year
€9.72M▼
2024 · €12.32M
Income taxes
€874k▲
2024 · €577k
Staff costs
€1.65M▼
2024 · €2.10M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€55.90M€57.04M▲
Fixed assets21/28€50.47M€49.66M▼
Intangible fixed assets21€106k€80k▼
Tangible fixed assets22/27€37.65M€37.60M▼
Land and buildings22€36.57M€36.47M▼
Plant, machinery and equipment23€357k€402k▲
Furniture and vehicles24€244k€220k▼
Other tangible fixed assets26€488k€488k=
Assets under construction and advance payments27-€24k
Financial fixed assets28€12.71M€11.98M▼
Affiliated companies280/1€12.71M€11.98M▼
Participating interests280€12.71M€11.98M▼
Other financial fixed assets284/8€120€620▲
Amounts receivable and cash guarantees285/8€120€620▲
Current assets29/58€5.42M€7.38M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€4.50M€5.70M▲
Trade receivables40€4.37M€4.87M▲
Other amounts receivable41€130k€826k▲
Current investments50/53€0-
Other investments51/53€0-
Cash at bank and in hand54/58€315k€1.39M▲
Deferred charges and accrued income490/1€604k€289k▼
Equity and liabilities
Total equity and liabilities10/49€55.90M€57.04M▲
Equity10/15€23.82M€25.98M▲
Contributions10/11€11.10M€11.10M=
Capital10€11.10M€11.10M=
Issued capital100€11.10M€11.10M=
Reserves13€12.72M€14.88M▲
Non-distributable reserves130/1€1.15M€1.15M=
Legal reserve130€1.15M€1.15M=
Tax-exempt reserves132€2.73M€3.03M▲
Distributable reserves133€8.84M€10.69M▲
Provisions and deferred taxes16€3.74M€4.55M▲
Provisions for liabilities and charges160/5€3.72M€4.54M▲
Environmental obligations163€3.72M€4.54M▲
Deferred taxes168€11k€8k▼
Amounts payable17/49€28.34M€26.51M▼
Amounts payable after more than one year17€12.32M€9.72M▼
Financial debts170/4€7.61M€6.13M▼
Credit institutions173€3.66M€2.13M▼
Other loans174€3.95M€3.99M▲
Trade debts175€4.72M€3.59M▼
Suppliers1750€4.72M€3.59M▼
Amounts payable within one year42/48€15.99M€16.66M▲
Current portion of amounts payable after more than one year42€1.83M€1.53M▼
Financial debts43€646k€117k▼
Credit institutions430/8€646k€117k▼
Trade debts44€7.23M€9.79M▲
Suppliers440/4€7.23M€9.79M▲
Taxes, remuneration and social security45€360k€125k▼
Taxes450/3€78k€15k▼
Remuneration and social security454/9€283k€110k▼
Other amounts payable47/48€5.92M€5.09M▼
Accrued charges and deferred income492/3€28k€131k▲
Income statement
Code20242025
Operating income70/76A€15.79M€17.68M▲
Turnover70€13.48M€16.49M▲
Other operating income74€2.28M€1.13M▼
Non-recurring operating income76A€39k€60k▲
Operating charges60/66A€12.92M€13.68M▲
Goods for resale, raw materials and consumables60€689k€533k▼
Purchases600/8€689k€533k▼
Services and other goods61€8.24M€9.44M▲
Remuneration, social security and pensions62€2.10M€1.65M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€831k€960k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€817k€817k=
Other operating charges640/8€242k€284k▲
Operating profit (loss)9901€2.87M€3.99M▲
Financial income75/76B€2.01M€24k▼
Recurring financial income75€2.01M€24k▼
Income from financial fixed assets750€2.00M€0▼
Income from current assets751€427€3k▲
Other financial income752/9€8k€21k▲
Financial charges65/66B€677k€992k▲
Recurring financial charges65€677k€555k▼
Debt charges650€668k€544k▼
Other financial charges652/9€9k€11k▲
Non-recurring financial charges66B€0€436k▲
Profit (loss) for the period before taxes9903€4.20M€3.02M▼
Transfer from deferred taxes780€3k€3k=
Transfer to deferred taxes680€0-
Income taxes67/77€577k€874k▲
Taxes670/3€577k€874k▲
Profit (loss) for the period9904€3.63M€2.15M▼
Transfer from tax-exempt reserves789€771k€693k▼
Transfer to tax-exempt reserves689€998k€998k=
Profit (loss) for the period to be appropriated9905€3.40M€1.85M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.40M€1.85M▼
Transfer from equity791/2€1.00M€0▼
From reserves792€1.00M€0▼
Transfer to equity691/2€3.40M€1.85M▼
To other reserves6921€3.40M€1.85M▼
Profit to be distributed694/7€1.00M€0▼
Return on contributions (dividend)694€1.00M€0▼
Social balance
Average headcount (FTE)908721.119.1▼
The notes to these accounts (88 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Equity above €25MEq €25.98M ▲9%
8 profitable years in a row build equity to €25.98M.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €3.63M ▲18.1%
Net result €3.63M, the highest in the series.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Weakest financial yearnet €1.27M ▼33.6%
Net result drops to €1.27M, the lowest in the series; recovery starts the following year.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Krijgsbaan 3722070 Beveren-Kruibeke-ZwijndrechtGround area
9,549 m²
Building footprint
604 m²
Volume, LiDAR
9,093 m³
Parcel 11011D0016/00T000, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Krijgsbaan 372, 2070 Beveren-Kruibeke-Zwijndrecht
since 19972.084.242.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011D0016/00T000 | Flanders | 9,549 m² | 1 · 604 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 17,719 EUR awarded · 18,192 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 519 EUR | 607 EUR |
| 2024 | 2 | 7,670 EUR | 7,582 EUR |
| 2023 | 1 | 6,326 EUR | 6,799 EUR |
| 2022 | 1 | 3,204 EUR | 3,204 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
CARGEN GROUP
BE 1005.355.114
Beveren-Kruibeke-Zwijndrecht · Eq €5.25M
GLOBAL SEA MINERAL RESOURCES
BE 0845.548.901
Oostende · Eq €131.15M
DOLOMIE DE VILLERS-LE-GAMBON
BE 0402.541.189
Ottignies-Louvain-la-Neuve · Eq €3.52M
Of 22 companies in sector 08990 we hold annual accounts for 13. 3 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-09-1997
Fiscal year end30-09
Activities, NACEBEL
08990Other mining and quarrying
38213Waste collection, recovery and disposal activities
38320Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.